My husband and myself would like to buy a term life insurance policy to cover our mortgate. Can you recommend an insurance company?
SS, Queens, NY
submitted by Sandra in Queens, NY
There are several life insurance companies that offer term life insurance protection to help provide funds to pay off the mortgage.
You may want to consider a 20 or 30 year term to provide life insurance coverage inline with the duration of your exiting mortgage loan.
Level term life insurance provides guaranteed level rates and coverage for the entire term of the policy.
One way to compare rate quotes for term life insurance is to contact a local life insurance agent, call insurers direct, or visit a website that provides information and quotes for mortgage life insurance coverage. That way you can compare free quotes from several leading life insurers, such as, Prudential, ING, Northwestern Mutual, Lincoln National and others.
submitted by Hadley in USA
@ December 06, 2009 - 05:16 PM
It's a good decision to choose a term life insurance policy to cover your mortgage. The main reason people chose term life insurance policy is to provide a financial support in case of their death, to pay off any debts or mortgages, sense of security and peace of mind. You may want to compare offers from insurance providers and check out the online life insurance needs calculator to find the right policy for you. For more information on term life insurance visit http://www.accuquote.com/
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
submitted by Denise in US
@ February 10, 2010 - 01:51 AM
You may want to consider a 20 or 30 year term to provide life insurance coverage inline with the duration of your exiting mortgage loan.
Level term life insurance provides guaranteed level rates and coverage for the entire term of the policy.
One way to compare rate quotes for term life insurance is to contact a local life insurance agent, call insurers direct, or visit a website that provides information and quotes for mortgage life insurance coverage. That way you can compare free quotes from several leading life insurers, such as, Prudential, ING, Northwestern Mutual, Lincoln National and others.